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Retail Property (high street) for sale

Market Place, Long Eaton, Nottingham, Derbyshire, NG10 1LS

Guide Price* £200,000
665 sq. ft.

Property Description

Commercial information

  • 665 sq ft (61 sq m)
  • Use class orders: A1 Shops

Key features

  • Three storey mid-terrace
  • Retail with storage above
  • Planning permission granted
  • For 4x apartments on upper floors
  • Excellent town centre location
  • Freehold title

Full description

Tenure: Freehold

FOR SALE BY ONLINE AUCTION: terms and conditions apply.

We are pleased to offer to auction this three storey, mid-terraced property prominently located in an excellent town centre position along Market Place, Long Eaton. To the ground floor is a 665sqft A1 retail unit, with storage to the first and second floors. The property has recently been granted full planning permission to convert the second a third floor upper floors to 2x residential apartments. There is already planning for 1st floor to be changed to two apartments. The property offers an ideal opportunity for a buyer looking to do their own works to the property, or alternatively the vendor would be willing to complete the works for the buyer at an increased sale price. The gross income of this property is estimated at �39,000 per annum.

Please note that we have not inspected this property.


Location 
The subject property is excellently located along Market Place, a large retail parade through Long Eaton town centre, Derbyshire. The property is surrounded by other popular retailers and businesses including Subway, Costa Coffee, Lloyds bank and many more. Long Eaton is a town approximately 10 miles east of Derby, and 7 miles southwest of Nottingham.

Accommodation 
GROUND FLOOR Retail unit with W.C. NIA approx. 61.8sqm (665sqft) FIRST, SECOND and THIRD FLOORS Storage space. We do not have measurements for these floors.

Planning Permission 
The property has been granted full planning permission on 16th February 2018 for the change of use for the second and third floors to be converted into 2x residential apartments. Application reference ERE/0817/0030. Exact proposal wording is as follows: 'Change of use of second and third floors from storage space above existing retail to 2no. residential apartments (use class C3) and external alterations consisting of alterations to shopfront entrance, replacement windows to front elevation, new rooflights to front and rear, and new/replacement doors and windows to rear elevation'. There is already planning for 1st floor to change to 2x residential apartments.

Tenure 
Freehold. Title number DY64461.

Rateable Value 
The adopted rateable value is �13,000 as of 1st April 2017. Sourced from VOA.

EPC 
Available upon request.

Additional Information 
For further information please contact our office direct on 0191-425-1507, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

More information from this agent

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Commercial on 0191 4251507.


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